Motorola Moto 360 Retail Price Leaks Ahead of Anticipated Launch

While Motorola's next-generation flagship handset is tipped to arrive in the summer of this year, in the meantime, the company has set its eyes on wearable devices. Motorola is no stranger to the wearable tech market--remember, they launched a smartwatch back in 2011.

At Google I/0 2014 next month, Motorola is expected to shed more light on the Moto 360, one of the first wearable devices to run Google's Android Wear software. The company on Wednesday announced a Moto 360 design contest on Google + asking common people to submit design for watch faces.

As per Motorola, the contest will run for three weeks, and at the end, the panel will decide a winner. The winner will be awarded a Moto 360, which the terms list as having an "approximate retail value" (ARV) of $249 (about Rs. 14,442 approximately). Well, it seems that Motorola has accidentally revealed the retail price of the Moto 360. Although one should not assume the Moto 360 to retail at $249, since the company hasn't announce the official price just yet.

Previous rumors in the past have suggested the Moto 360 to be priced under $300 (about Rs. 17,400 approximately). Not long ago, according to one report, the Moto 360 would cost 249 euros in Europe.

Philip Worth, a Motorola UK manager, has apparently confirmed the Moto 360 will include a wireless charging functionality.In a conversation with Dutch publication, Techzine, Worth admitted that the Moto 360 will charge by means of magnetic induction.

So far, Motorola hasn't revealed much about the Moto 360. The intelligent watch's screen is rumored to be a custom-designed OLED display, which would be circular in shape, instead of standard looking square shape design.

The Moto 360 won't be limited to the Moto X and Moto G for that matter. It is expected to be compatible with all Android 4.3 and Android 4.4 phones and tablets that use Bluetooth 4.0 technology. According to Motorola, the Moto 360 is a water resistant, but not waterproof.

The Moto 360 will be competing neck-to-neck with LG G Watch, another intelligent watch to run Google's Android Wear software. Stay tuned to GizBot for more updates!